Mingshi Express (08483) issued an announcement. The board of directors plans to seek approval from the company's shareholders to reduce the share premium at the annual shareholders' meeting...
According to the Zhitong Finance App, Mingshi Express (08483) issued an announcement. The board of directors plans to seek approval from the company's shareholders to reduce the share premium account (“share premium account”) at the annual shareholders' meeting. On December 31, 2023, the share premium account had an entry amount of approximately HK$5.083 million. The total amount of the proposed reduction and cancellation of the share premium account is approximately HK$5.083 million or HK$455.83 million (the amount of the proposed special dividend is deducted if the proposed resolution on the special dividend is formally passed at the annual general meeting of shareholders) (“share premium reduction”), and the incoming amount from the share premium reduction is used to offset the company's total accumulated losses on 31 December 2023; and transfer the balance of the stock premium reduction to the company's distributable reserve account (“distributable reserve account”) after the relevant cumulative losses are offset.